EUR/JPY
Senior timeframes
Yesterday, the daily Tenkan (132.08) again justified its purpose and served as the basis for the completion of the upward correction. To date, the pair has updated the minimum extremum and reached the first target at the break of the day cloud (130.76). This support can now again provoke inhibition or the development of correction. The breakdown of the level (130.76) will open the way to 100% fulfillment of the daily goal and will allow to realize the monthly correction to Tenkan (129.95).
H4-H1
At the moment, the initiative and the advantages belong to the players for a decrease, but now the bears have met with support (130.76) and reached the target at the breakdown of the H1 cloud, as a result, braking is possible. The breakdown of the supports opens the prospect of a decrease to the area of 130. In the case of the development of the next upward correction, the nearest resistance today can be noted at 131.13 (Tenkan H1) and 131.47 (cross N4 + Kijun N1 + N1 cloud).
Indicator parameters:
All time intervals 9 - 26 - 52
The color of indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun is a green dotted line,
Chinkou is gray,
Clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
The color of additional lines:
Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
Horizontal levels (not Ichimoku) - brown,
Trend lines - purple.
